Andorra
4 regulators · 12 laws & regulations · 3 obligations · 11 enforcement actions
| Obligation | Timing | Regulator | Arises from | Source | Detail |
|---|---|---|---|---|---|
| Payments & Fintech | |||||
| Payment and e-money institution authorisation and safeguarding of customer funds | Ongoing; safeguarding by end of next business day (Art. 8(1)); within five business days for e-money (Art. 8(4)) | AFA | Llei 8/2018, del 17 de maig, dels serveis de pagament i el diner electrònic (Law 8/2018 on payment services and electronic money) - text refós amb la Llei 27/2018 | official | |
Art. 4 allows only listed providers to offer payment services and only AFA-authorised e-money institutions or banks to issue e-money. Art. 8(1) requires funds received to be segregated, with funds not delivered by the end of the next business day held in a separate account or low-risk assets, or covered by an insurance policy or bank guarantee. Art. 8(4) requires e-money funds paid for by payment instrument to be safeguarded within five business days of issuance. |
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| No obligations match these filters. | |||||